Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Countertrend Up (+85) - MGAEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been UP since Nov 24th, 2021 at 0.00022349
The intermediate-term trend has been UP since Jun 17th, 2022 at 0.00023157
The short-term trend has been UP since Jun 7th, 2022 at 0.00023125
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).